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20130122
20130122
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Search Results 0 to 12 of about 13 (some duplicates have been removed)
're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you again. >> good to be back with you. >> happy new year.
borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82 years old. >> brown: finally tonight, a closing reflection on the inauguration. the coming ceremony inspired spoken word artist leah green of oakland, california, to write and perform
for another four months. the current debt ceiling is 16 - point -four trillion dollars. that's how much the government is authorized to borrow. the treasury department expects to exhaust that authority sometime between mid-february and early march. house republican leaders want to suspend the debt limit through may 19th and focus on other fiscal issues. including the automatic spending cuts due to go into effect on march first. investigators from the national transportation safety boaqrd will conduct more tests today to determine what caused the problems that led to the grounding of boeing's 7-8-7 dreamline planes. the planes were grounded last week after two incidents involving batteries aboard the airliners. including a fire in an empty japan airlines 7-8-7 in boston. u-s-a today reports the n-t-s-b investigators will be looking at the battery charger and other electronics in an attempt to find out what went wrong. today is the 40th anniversary of "roe-v-wade". the landmark supreme court ruling establishing a woman's right to an abortion. the decision prompted a nation- wide debate. w
include this -- suspension of the debt ceiling for three months. on the 19th of may, the debt limit increases from $16.4 trillion to accommodate addional raring the treasury requires r and bills withholes the pay of lawmakers if congress fails to pass a budget by the 15th of april putting the money in escrow to comply with the 27th amendment of the constitution. joining us now is congressman gomert, vice chair of the subcommittee on crime, terrorism, and homeland security, and republican of texas. good to have you with us. first your impression before we turn to the debt limit of the president's inaugural address. >> well, lou, he started out great, quoting from the declaration from our founding documents, you know, endowed by the creator with certain inalienable rights saying that although they were self-evident, they are notself-executing as you pointed out earlier. now, as a lawyer, that sounds okay in court, you know, talking about the self-executing will or affidavit, but i'm afraid for those of us listening to an inaugural, it was more rem necessary sent of lincoln saying we w
are not hiking the debt ceiling unless you make these cuts now. we have over $16 trillion in debt. we can't afford it. i don't want to have this conversation every couple of months. do your job and barack obama, hold them accountable. >> neil: there is this thing about double treatment that is not quite the same when it comes to blaming republicans for being obstructionists by not wanting to increase the debt ceiling when the media didn't do that when every major democrat, including a then senator barack obama did the same thing seven years ago. >> you can't expect the media to do the job they are supposed to do. they won't hold the republicans and democrats equally accountable. so the g.o.p. needs their own marketing and p.r. team -- >> neil: i think they are running from their own shadow. they need more time to get this set and the prerogatives. but to the president, i'm sure, it sends a message, weak, weak, weak. >> they are under the impression, if they give an inch, the president will say, they are doing their best. this is not how it works. this president compromises when it's in hi
's on the debt ceiling? guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it for a few months until may. if the democrats in the senate have not reduce a budget with spending cuts, they will set aside the pay of members of congress. it is a tricky maneuver on their part. their goal is to get senate democrats to pass this. the senate has been unable to pass a budget for the past four years. it will be a days off between the parties over the debt limit. we will get a good look at that legislation. host: senate democrats said they will pats a budget. guest: it may not include the spending cuts republicans are looking or. host: larry, san diego, democratic caller. caller: i disagree with your host that after 18 months or two years obama will no longer be effect it. -- effective. when that the house. he may be able to do more in his last two years and his last four years. guest: if the democrats can take back the house and picked up some seat
on the debt ceiling? the debt ceiling is set to expire, 16.4 trillion. so we need to raise the nation's borrowing limit in one way or another. the republicans don't like the idea of doing that without having commensurate spending cuts. they have a plan to extended until may. and then if the democrats in the senate have not produced a budget that includes spending cuts, they will set aside the pay of members of congress. so it is a tricky maneuver on their part. their goal is to get senate democrats to pass a budget that includes spending reductions. the senate has not been able to pass a budget for the past four years. democrats will resist the idea of any kind of spending cuts. it's going to be a real face-off between the two party is over the debt limit. tomorrow we will get a good look at that legislation. host: senate democrats have said they will pass. a pass guest: but it may not include spending cuts republicans are looking for. it's not necessarily an agreement. it might seem so on the surface. host: larry in san diego, democratic caller. welcome to the conversation. caller: t
limit. >> reporter: they plan to debate that today and vote tomorrow. the debt ceiling is currently set at $16.4 trillion and the treasury department says we could hit that in just three weeks. house republican leadership proposes extending the debt limit through mid-may to avoid missing any payments. so far, several senate democrats and the white house approve that plan but it's another short-term fix. california congressman mike honda does not want congress in charge of setting the debt limit. they just introduced a bill that could -- that would allow the treasury to pay off the debts unless there's something introduced to stop it. >> i think we should have a progress that addresses that so it doesn't become a barrier or a political football. >> reporter: the country has never defaulted on payments but even debating the debt ceiling could have a negative impact on the economy. kyla campbell, ktvu channel 2 news. >>> let's get you updated on some of the top stories we're following right now. flights from san jose to tokyo are canceled again today after airlines were forced to ground hu
is done in washington, d.c. by crisis. everything is a crisis. whether it's the debt ceiling, whether it's sequestration, doesn't matter, whatever it is. everything is done by crisis. and we're going to push this forward. there is going to be a vote in the house tomorrow. president has already said if it's in the legislation, he'll sign it. so there is an opportunity. i've talked to joe. joe signed on to this thing and he's promised me that he'll trio get some of his colleagues on his side of the aisle to support the idea. >> brian: senator, i thought what was most encouraging to come out of the sunday shows david plouffe says the president finds it encouraging. so the white house would support a move like this. so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a bud
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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